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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2019
Employee benefit plans [Line Items]  
Restricted Stock Award Activity
Restricted Stock Award Activity

Nonvested Shares
 
Number of
Shares
 
Weighted
Average Grant
Date Fair Value
Per Share
Nonvested at December 31, 2018
51,746

 
$
35.56

Granted
48,241

 
45.98

Vested
(51,746
)
 
35.56

Forfeited

 

Nonvested at December 31, 2019
48,241

 
$
45.98


Schedule of Weighted Average Assumptions Used
Monte Carlo Pricing
Weighted Average Assumptions

 
 
2018
 
2017
Dividend yield
 
1.68
%
 
1.37
%
Expected volatility
 
27.65
%
 
25.19
%
Risk free interest rate
 
2.43
%
 
1.48
%
Weighted average grant date fair value
 
$
45.64

 
$
53.74


Stock Purchase Plan
Stock Purchase Plan

 
Year Ended December 31,
 
2019
 
2018
 
2017
 
(dollars in millions)
Proceeds from purchase of shares by employees
$
1.5

 
$
1.2

 
$
1.0

Number of shares issued by the Company
40,732

 
39,532

 
33,666

Recorded in share-based compensation, net of deferral
$
0.4

 
$
0.3

 
$
0.3



Share-Based Compensation Expense Summary
Share‑Based Compensation Expense Summary

 
Year Ended December 31,
 
2019
 
2018
 
2017
 
(in millions)
Share‑based compensation expense
$
21

 
$
19

 
$
16

Share‑based compensation capitalized as DAC
1.1

 
0.8

 
0.6

Income tax benefit
3

 
3

 
2


Stock Options [Member]  
Employee benefit plans [Line Items]  
Schedule of Stock Options
Time Vested Stock Options

 
Options for
Common Shares
 
Weighted
Average
Exercise Price
 
Number of
Exercisable
Options
Balance as of December 31, 2018
373,628

 
$
18.77

 
373,628

Options granted

 

 
 
Options exercised
(283,277
)
 
18.16

 
 
Options forfeited/expired

 

 
 
Balance as of December 31, 2019
90,351

 
$
20.68

 
90,351


Performance Stock Options [Member]  
Employee benefit plans [Line Items]  
Schedule of Stock Options
Performance Stock Options

 
Options for
Common Shares
 
Weighted
Average
Exercise Price
 
Number of
Exercisable
Options
Balance as of December 31, 2018
27,552

 
$
19.24

 
27,552

Options granted

 

 
 
Options exercised
(27,552
)
 
19.24

 
 
Options forfeited/expired

 

 
 
Balance as of December 31, 2019

 
$

 


Restricted Stock Units (RSUs) [Member]  
Employee benefit plans [Line Items]  
Restricted Stock Unit Activity (Excluding Dividend Equivalents)

Restricted Stock Unit Activity

Nonvested Stock Units
 
Number of
Stock Units
 
Weighted
Average Grant
Date Fair Value
Per Share
Nonvested at December 31, 2018
900,276

 
$
33.83

Granted
464,500

 
44.40

Vested
(375,981
)
 
28.03

Forfeited
(1,528
)
 
40.90

Nonvested at December 31, 2019
987,267

 
$
41.24


Performance Restricted Stock Units [Member]  
Employee benefit plans [Line Items]  
Restricted Stock Unit Activity (Excluding Dividend Equivalents)

Performance Restricted Stock Unit Activity

Performance Restricted Stock Units
 
Number of
Performance Share Units
 
Weighted
Average Grant
Date Fair Value
Per Share
Nonvested at December 31, 2018
596,728

 
$
39.42

Granted (1)
436,690

 
44.00

Vested
(489,161
)
 
12.66

Forfeited

 

Nonvested at December 31, 2019 (2)
544,257

 
$
47.23

____________________
(1)
Includes 244,581 performance restricted stock units that were granted prior to 2019 at a weighted average grant date fair value of $12.66, but met performance hurdles and vested during 2019. The weighted average grant date fair value per share excludes these shares.
(2)
Excludes 263,093 performance restricted stock units that have met performance hurdles and will be eligible for vesting after December 31, 2019.